Effects of Digital Economy Development on Intergenerational Income Mobility——An analysis based on the perspective of common prosperity
The flourishing development of digital economy holds significant importance in improving income opportu-nity inequality.This study utilizes micro data from the CFPS2014-CFPS2018 surveys to measure the development of digital economy from the dimensions of"internet usage"and"digital inclusive finance index."By constructing the theoretical and empirical models,the paper discusses the multi-level impact of digital economy development on intergenerational income mobility and its mechanisms.The findings indicate that digital economy development significantly promotes intergenerational income mobility,exhibiting distinct"threshold effect"characteristics.Even after introducing the instrumental variable and al-ternative test,the result remains robust.Specially,the positive impact of digital economy development on intergenerational in-come mobility is more pronounced for low-income families.Mechanism analysis demonstrates that social capital,wealth capital and debt capital act as mediators between digital economy development and intergenerational income mobility.Policymaking should focus on strengthening internet infrastructure,expanding the boundaries of digital inclusive financial services and for-mulating dynamic and differentiated policies for digital economy.
digital economyintergenerational income mobilitythreshold effect
NETL
NSTL
万方数据
